About Me

Wednesday, 20 April 2011

Trading You are not a loser because you have a losing trade on. You are, however, a loser if you do not get out of the losing trade once you recognize that the trade is no good. Its amazing to me how accurate your gut is as a market indicator. If, in your gut, you have the idea that the trade is no good then its probably no good. Time to exit.Every trader has losing trades throughout the session. A typical trade day for me consists of 33 percent losing trades, 33 percent scratches and 33 percent winners. I exit my losers very quickly. They dont cost me much. So, although I have either lost or scratched over two-thirds of my trades for the day, I still go home a winner.